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Started By
Message
re: Elon fired Twitter CEO, CFO, and Vijaya for cause removing their golden parachutes
Posted on 10/30/22 at 8:37 am to lsupride87
Posted on 10/30/22 at 8:37 am to lsupride87
quote:
If Elon goes forward with this, he is doing it because he just likes to frick with people
0
Posted on 10/30/22 at 8:38 am to OMLandshark
Whatidontknowsofar will be very upset at this news
He was spouting off about golden showers and parachutes in the other thread
He was spouting off about golden showers and parachutes in the other thread
Posted on 10/30/22 at 8:39 am to Darth_Vader
quote:Where am I doing that? Where have I said one positive thing about them?
White knighting for Twitter execs
Posted on 10/30/22 at 8:39 am to OMLandshark
quote:
He doesn't trust trashy sources like the NYT.
To be fair neither do I.
I don't trust NYT specifics, but I sure do pay attention since they're a propaganda outlet for the Spooks.
It means something, just not always what they claim.
Posted on 10/30/22 at 8:40 am to lsupride87
Are people conflating a buyout payment clause they had with the former board, with their shares? I've never heard anyone describe the proceeds from the sale of stock as a golden parachute.
I can't read the article so not sure if this was clarified.
If it was an additional bonus, what obligations does Elon have to honor a contract he was not a party to?
I can't read the article so not sure if this was clarified.
If it was an additional bonus, what obligations does Elon have to honor a contract he was not a party to?
Posted on 10/30/22 at 8:46 am to GRTiger
quote:Me neither. To me a golden parachute is more of something given but not earned at all. Shares isn’t that
I've never heard anyone describe the proceeds from the sale of stock as a golden parachute.
This post was edited on 10/30/22 at 8:47 am
Posted on 10/30/22 at 8:50 am to OMLandshark
Someone recap how this went down please. Elon decided not to go to court but torches them anyway? How much money did Elon save by doing this?
This is hilarious!!
This is hilarious!!
Posted on 10/30/22 at 8:52 am to lsupride87
well played, gaybait.
Posted on 10/30/22 at 8:54 am to lsupride87
Where does it say he’s taking away their shares?
Posted on 10/30/22 at 8:54 am to lsupride87
quote:
If Elon goes forward with this, he is doing it because he just likes to frick with people IMHO.
Awwww, Elon going after serial criminals just because he likes to frick with people. How sad. You do know that’s what these cocksuckers did for a living, right?
Posted on 10/30/22 at 8:57 am to TigerCoon
Safe to assume that Musk & his high powered attys know what they are doing, right? When it comes to business transactions, Musk never just fires from the hip, takes wild shots. Perhaps this is a ploy to open the door to negotiated settlements with each? Take less & I'll drop these accusations?
Posted on 10/30/22 at 8:58 am to NIH
quote:The OP is saying they would walk away with nothing correct? 8.5 million of Argwals payout is shares. Some of the other fired officers had over 20 million in shares. The rest is advanced comp and healthcare premiums etc. So is OP not correct? Hmmm
Where does it say he’s taking away their shares?
This post was edited on 10/30/22 at 8:59 am
Posted on 10/30/22 at 8:59 am to OMLandshark
In the super-charged universe of Silicon Valley M&A activity, the language governing change-of-control provisions for terminated executive's compensation will be fairly standard and clear cut. The executives have lawyers too, and that contract language will be more or less airtight.
Musk has a very high bar to clear when invoking a "for cause" showing to deny the fired executives the compensation he agreed to at closing.
If you're an attorney (I'm not) with access to the controlling legal documents in this case, you'd have a basis to judge the probability of the eventual outcome.
The affected executives will say "see you in court" where they're very likely to prevail. I'm sure with Musk's money that could drag out for years, and perhaps is his goal.
Musk has a very high bar to clear when invoking a "for cause" showing to deny the fired executives the compensation he agreed to at closing.
If you're an attorney (I'm not) with access to the controlling legal documents in this case, you'd have a basis to judge the probability of the eventual outcome.
The affected executives will say "see you in court" where they're very likely to prevail. I'm sure with Musk's money that could drag out for years, and perhaps is his goal.
Posted on 10/30/22 at 9:06 am to Mr Breeze
Why in the actual frick does an app need so many employees?
Posted on 10/30/22 at 9:07 am to lsupride87
quote:
The OP is saying they would walk away with nothing correct?
I read OP and only see a snippet from an article saying Musk does not intend to pay bonuses. And a laughing gif.
Am I missing something? I only see you assuming that means Musk is not going to let them cash out their shares.
Posted on 10/30/22 at 9:09 am to GRTiger
I can’t read the article so I have no idea what it’s trying to say
I just know the officers referenced are owed over 50 million in shares alone. With another 70 something odd millions in advanced comp etc.
I just know the officers referenced are owed over 50 million in shares alone. With another 70 something odd millions in advanced comp etc.
Posted on 10/30/22 at 9:11 am to Mr Breeze
quote:We should find out very quickly if Musk has any argument to make. If not he will be paying legal fees and damages if he goes forward.
The affected executives will say "see you in court" where they're very likely to prevail. I'm sure with Musk's money that could drag out for years, and perhaps is his goal.
IMO, it is only 50/50 that he tries to hold back any bonuses.
Posted on 10/30/22 at 9:12 am to OMLandshark
I love how all those fricking retards complain about capitalism but also give themselves multi million dollar termination agreements…. For literally being criminally bad at their job.
Posted on 10/30/22 at 9:14 am to Napoleon
quote:
You can read the article and the paywall won't get you.
Best lnk ever-. Bypass Paywalls
If refresh doesn't work, try this archive link-. It's the BEST!
Posted on 10/30/22 at 9:15 am to waiting4saturday
quote:
Posted by Robin Masters online on 10/30/22 at 8:40 am to cwill
And just like that prog filth becomes champions for outlandish compensation for executives!
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